Well, today I got it running and took it for a spin. As it seems, you guys were right, my new K&N airfilter had way too much oil in it. I cleaned most of it off and dryed it out and now the bike runs better than it ever has. When I was riding it, it pulled hard all the way to 12,000rpm. It used to cut out at 5,550 with the old airfilter and 9,000 with no airfilter. That seemed to help substantially. But two problems remain. When it warms up, it doesn't want to idle at all, just like it did whenever I bought it. It has plenty of power but when I put the clutch in the tach just drops and the bike stalls out, this makes it kind hard to pull out from a dead stop, and worries me. Also, the bike gets wayy too much oil blow-by from the breather. I'm afraid Red may be right. Whenever I took it for a 5 minute ride around the block, I took it to 12,000 a couple times, I rode it pretty hard, but when i got back and pulled the stopper out of the drain hose for the air box, probably 1 cup of some oil/gas mixture poured out. I tried to do a compression test, but it seems very difficult to get the hard line from the pressure-indicator to sit in and seal good in the socket.
When it runs it seems like it is running and all cylinders and has power, and before it sat over the winter it ran fine. Any ideas what could be causing all the blow-by and no idle?